TAIPEI (Taiwan News)—Taiwan’s Legislature passed the Act for the Recruitment and Employment of Foreign Professional Talent (外國專業人才延攬及僱用法) on Tuesday, greatly benefiting foreign professionals in Taiwan in such essential aspects as visa, residence, insurance, tax, and retirement and aiming at encouraging more of them to come and work in the country.
The newly passed law stipulates that specific foreign professionals can apply for work permits, residence visas, Alien Resident Certificates and reentry permits, or the so-called four-in-one card, by themselves without going through their employers. The employment period is extended from three years to five years, and the requirement to stay in Taiwan for at least 183 days a year is revoked, according to the new law.
With respect to taxes and retirement, the statues say foreign professionals with a yearly salary of more than NT$3 million can enjoy an income tax cut of 50% for three years; foreign professionals in Taiwan who have acquired permanent residence are eligible for the country’s labor pension system; and foreign teachers formally hired by public schools are eligible for public school teachers’ retirement scheme. They can choose to either receive a monthly pension or be paid a lump sum.
With regards to the spouse and children, the law provides that when foreign professionals apply for permanent residence in Taiwan, they can apply for the same status for their spouses, minor children, or physically or mentally challenged children over 20 years old. Once foreign professionals and their dependants acquire permanent residence, they can join the National Health Insurance immediately without having to wait for six months, according to the new provisions.
Parents, spouses and children of foreign professionals in other countries can apply for a visitor visa valid for one year, and the maximum time they can stay in Taiwan for each visa is six months, according to the new provisions.
The new law also allows foreign professionals to stay in Taiwan for six months to look for a job, but there is a limit to how many of them are allowed, which will be reviewed every year.
The new law also applies to citizens of Hong Kong or Macao who are working as professionals or looking for a job in Taiwan.